HOLLYWOOD, FL, Feb. 10, 2022 (GLOBE NEWSWIRE) -- Healthier Choices Management Corp. (OTC Pink: HCMC) Today HCMC announced the acquisition of Mother Earth’s Storehouse, an organic and natural health food and vitamin chain in New York’s Hudson Valley.
Billed as the Hudson Valley's premier natural foods stores, Mother Earth’s have previously been voted best in the Hudson Valley by Hudson Valley Magazine. The two stores offer organic and all natural products and vitamins from local sources. The Kingston location also offers the Mother Earth’s Café and Deli, as well as an onsite bakery. In showing its care and commitment to the community, Mother Earth’s Storehouse offers special times for curbside customer pickup, as well as special hours of shopping for seniors and those at risk. As part of the acquisition, HCMC purchased the historic building that houses the Saugerties store.
Jeffrey Holman, CEO of HCMC made this statement regarding the acquisition, “Mother Earth’s Storehouse is a major step forward in our growth initiatives, and based upon past performance, we believe this addition should roughly double HCMC’s top line revenue on an annualized basis.”
Mr. Holman continued, “We are thrilled with this addition to HCMC, which expands upon our Ada’s and Paradise-branded stores in Fort Myers and Melbourne, Florida, respectively. There are certainly synergies between the chains upon which we intend to capitalize. For example, the additional purchasing power that naturally comes along with doubling the size of our orders should result in improved margins, potentially leading to better bottom line results across the board.”
Mr. Holman concluded, “We are looking forward to continuing the 40 plus year tradition of Mother Earth’s Storehouse in providing the Hudson Valley community with the best health food at competitive pricing, coupled with a knowledgeable and inviting staff, all existing hallmarks of HCMC. As always, I wish to thank our loyal and valued shareholders for their support, and I could not be happier to see another of our growth initiatives come to fruition.”
